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Report of the Directors





               DIRECTORS’ SERVICE CONTRACT


               Each of the executive directors has entered into a service contract with the Company for a term of 3 years
               and such contract shall continue until terminated by either party giving to the other not less than 3 months
               notice in writing.

               Each of the independent non-executive directors has entered into a service contracts with the Company for
               a term of 3 years and such contract shall continue until terminated by either party giving to the other not less
               than 2 months notice in writing.

               BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT


               Brief biographical details of directors and senior management are set out on pages 14 and 15.

               DIRECTORS’ INTERESTS IN CONTRACTS


               No  contracts  of  significance  in  relation  to  the  Group’s  business  to  which  the  Company,  or  any  of  its
               subsidiaries was a party and in which a director of the Company had a material interest, whether directly or
               indirectly, subsisted at the end of the year or at any time during the year.

               DIRECTORS’ INTEREST IN COMPETING BUSINESS

               None of the directors of the Company has an interest in a business which competes or may compete with the
               business of the Group.


               PERMITTED INDEMNITY PROVISION

               Pursuant  to  the  Bye-laws  of  the  Company,  Directors  shall  be  indemnified  and  secured  harmless  out  of
               the assets and profits of the Company from and against all actions, costs, charges, losses, damages and
               expenses which they shall or may incur or sustain by or by reason of any act done, concurred in or omitted in
               or about the execution of their duty.


               The Company has arranged Directors’ liability insurance, which provides appropriate insurance cover for the
               Directors.























         34    ALCO HOLDINGS LIMITED  ANNUAL REPORT 2017
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